Active Listings

There was a 42.63% increase in total number of properties listed for sale year-over-year, with 18,310 active listings on the market at the end of May 2025, compared to 12,837at the end of May 2024. When compared to the previous month, active inventory increased by 3,851 listings (+26.6%), up from 14,459 in April 2025.

The number of homes for sale year-over-year increased throughout the NWMLS coverage area, with 24 out of 26 counties seeing a double-digit year-over-year increase. The six counties with highest year-over-year increases in active inventory for sale were Clallam (+72.5%), Snohomish (+64.1%), Ferry (+59.1%), King (+57.7%), Grant (+53.3%), and Adams (+52.3%).

Use the drop-down menu in the chart below to view the available inventory counts in each county:

New Listings

NWMLS brokers added 13,129 new listings to the database in May 2025, a year-over-year increase of 13.5% compared to May 2024 (11,572). When compared to the previous month (April 2025), new listings increased by 20.9%, when 10,858 listings were added to the NWMLS database.

The number of new listings increased year-over-year in 21 of 26 counties. The six counties with the largest year-over-year increases were Adams (+150%), Columbia (+90%), Clallam (+41.2%), Grays Harbor (+41.1%), San Juan (+37.8%), and Grant (+31.9%).  

Use the drop-down menu in the chart below to view the number of new listings added in each county:

Pending Sales

There were 8,249 residential units & condo units under contract in May 2025, a slight increase of .4% when compared to May 2024 (8,220). When compared to the previous month, the number of pending listings increased by nearly 11%, up from 7,435 listings under contract in April 2025.

Use the drop-down menu in the chart below to view the pending sales in each county:

Closed Sales

The number of closed sales decreased by 3.3 % year-over-year (6,467 in May 2025 compared to 6,689 in May 2024). When compared to the previous month, the number of closed sales increased by 9.9%, up from 5,887 sales in April 2025.

14 out of 26 counites saw an increase in the number of closed sales year-over-year. The six counties with the largest increases were Jefferson (+48.4%), Cowlitz (+47.8%), San Juan (+27.8%), Adams (+20%), and Skagit (+17.5%). The total dollar value of closed sales in May 2025 for residential homes was $4,732,782,810 and was $546,957,344 for condominiums ($5,279,740,154 in total).

Use the drop-down menu in the chart below to view the number of closed sales in each county:

Months of Inventory

A balanced market is considered to be 4 to 6 months by most industry experts. At the current rate of sales, it would take a little more than two and a half months (2.83) to sell every home that is active in the NWMLS inventory. The six counties with the lowest months of inventory in April 2025 were Snohomish (1.97), Kitsap (2.01), Thurston (2.12), Pierce (2.18), Cowlitz (2.21), and Skagit (2.61).

Use the drop-down menu in the chart below to view the months of inventory in each county:

Median Price

Overall, the median price for residential homes and condominiums sold in May 2025 was $654,995, a slight decrease of 0.8% when compared to May 2024 ($660,000). When compared to last month, the median price slightly increased, up from $650,000 in April 2025.

The three counties with the highest median sale prices were King ($865,000), San Juan ($831,000), and Snohomish ($785,000), and the three counties with the lowest median sale prices were Ferry ($138,000), Columbia ($256,000), and Pacific ($323,000).  

Use the drop-down menu in the chart below to view the median sales price in each county:

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